FCPO - 5 WAVE DOWN, NEXT 3 WAVE UP!
Continue from previous post.
We can see a clear 5 sub-wave structure was observed during evening session. This motive movement to the downside and trading below 3686 strengthen the idea that wave C has complete.
*** 5 Wave structure on 1 minute chart.
Next, we would like to see a retracement that potentially will bring back price to 3700 area for sub-wave 2.
Invalidation for this wave analysis = 3734.
Let's see what the market will offer us next week.
Happy holiday to All FCPO trader!
We can see a clear 5 sub-wave structure was observed during evening session. This motive movement to the downside and trading below 3686 strengthen the idea that wave C has complete.
*** 5 Wave structure on 1 minute chart.
Next, we would like to see a retracement that potentially will bring back price to 3700 area for sub-wave 2.
Invalidation for this wave analysis = 3734.
Let's see what the market will offer us next week.
Happy holiday to All FCPO trader!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.